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Welcome Home Buyers! You're not alone. Don't be concerned if you cannot qualify for a loan! As long as you have 10% cash, a name, and a phone number you can have any home you desire with no credit check. The reason - an individual with good credit will use their credit to buy your dream home - that's why no credit check is required from you. This is a FULL DISCLOSURE program - everything is on the table.
95% of all Americans spend more money than they make so you are to be commended if you have been able to save money. You are in the top 5% of Americans so we view you as a low risk.
On a $100,000 home the G.A.P. System will cost you about $75 per month more than if you had good credit; On a $200,000 home the monthly cost is about $150 per month and so on. It allows you to get what you want right now and the cost is offset by the following powerful advantages. Advantages of the G.A.P. System
You get a home NOW - Prices are going up 5-25% year! Waiting is costly.
Peace of Mind - You know you will close - You receive a Guaranteed Approval in writing.
No Pre-Payment Penalty - saves you 3-6% ($3,000 - $6,000 per $100,000 of loan)
Lower Closing Costs - saves you at least 1%
Fewer Discount Points - saves you 1-3%
You get the home of your choice - huge value.
You receive the equivalent of a 9.9% fixed rate - big value.
We teach you how to repair your own credit - immense value.
Learn and Grow with Real Estate Training - make money with Real Estate
100% Appreciation
100% of the Equity build-up
100% of the Tax Advantages
100% rights of Purchase and Sale
100% rights of Occupancy
Professional Price Negotiations; Full Disclosure
Freedom, Privacy, Pride, Security, Stability, etc.
100% Safety with a Trust.
The individual investor with strong credit saves you money in all the ways listed above and they pass the savings on to you.
There is no withheld information or hidden charges or surprises. Yes, it's absolutely true. You can select the home of your choice without a credit check! Any home, any where in the U.S. You will get the keys and move in provided that you have 10% cash. Your interests are 100% covered through the use of a Trust. We require the investor to immediately deed the home into a trust and this protects you. You will be given an Option to Purchase 100% of beneficial interests of the Trust by the Trustee at any time within a seven year time frame. It is very important to realize that this is not an option to buy the home; but an option to buy 100% of the beneficial interests in a Trust. This protects your interests because it avoids triggering the due on sale clause which allows a lender to call a note due and payable immediately. You will be leasing the property from the Trustee; but that's OK because you will have 100% control of the home, 100% of the appreciation, 100% of the equity build-up, 100% of the rights of purchase and sale, 100% rights of occupancy. There is no way that you can lose the home as long as you make payments as agreed. You will be provided with the equivelent of a 9.9% fixed rate of interest with no pre-payment penalty. Neither the investor nor the Trust holding the property makes loans or lends money.
This program is based upon a fair and reasonable price for services rendered. The system is fast and easy, but you will need 10% cash or $10,000 - - whichever is greater.
If you are ready to go, we recommend (optional) that you create your own custom GAP portal web site for $29.95. You will receive a pass code which allow you to enter the Members area where you will receive extremely valuable real estate training information which shows you how to work the G.A.P. system to not only get your dream home but also make money helping other people do the same thing. You will also receive cutting edge data which will show you how to repair your own credit yourself via the internet.
You are required to pay $499 for a GAP BASIC-package. Another Member of G.A.P. that has strong credit will be assigned to use their credit to purchase your dream home. You will receive the benefits mentioned above plus a Certificate of Guaranteed Approval to select your dream home. The $499 is non-refundable after a 3 day recision period.
Other data that you need to know: You are required to pay 30 days in advance every month. The Investors first payment may be due 45 days after closing so we make your first payment due 15 days after closing. Your 2nd and all future payments are due a minimum of 30 days in advance of the investors payment. If you are in a 'tenant friendly' state, we may require that you escrow 3-12 months of payments to protect the interests of the investor. We are also looking for you to make principle payment reductions of 1/0th of 1% per month. (That would be $100 per month on a $100,000 loan) This results in a rapid equity build up which is good for the client and it reduces the risk to the investor. You need realize that you are buying an Option to Purchase 100% of the beneficial interests in a Trust. When you exercise that option you will be able to order the Trustee to transfer title to your personal name if that is what you choose to do, or you may decide to keep title in the Trust. You are required to make a good faith effort at least once per year to generate a new loan and take the loan off the investors credit. You will have seven years to generate a new loan. In fact, bad credit will come off your credit in seven years. However, there are many lenders that will make a loan for you after you have made 12 timely payments.
When you get the keys to your home and move in we typically provide a $500 internet shopping spree as a house warming gift, or you may request we give you up to 4 prepaid secured credit cards which will give you 4 positive credit entries as long as you pay as agreed. We put $50 on each card for you and you can also increase the limits by sending in more secured monies.
You are encouraged to generate a new loan within 12 months because you will receive a 3% credit off the price as an incentive to do so. When the underlying loan is cashed out the investor receives the balance of their profits in cash. A licensed Real Estate Company, Guaranteed Approval Realty, Inc. will coordinate the acquisition of the home. They will have a fiduciary obligation to secure the best price and terms for the Investor and to provide you with full disclosure of all acquisition terms. You will benefit from professional price negotiations.
Why is the investor willing to sign their name on a loan and take a chance on me? Primarily to make a fair and reasonable profit. The $75 extra per month on a $100,000 home comes from the investor buying and selling the home for a 15% profit. Let's say you choose a home that's $100,000. The investor will buy it for $100,000 and sell it to you for a 15% mark up or $115,000. If you generate a new loan within 12 months, you get a 3% credit off the price, resulting in a $12,000 profit for the investor. $12,000 amortized over 30 years at 6.5% would be $75 per month. That's what it really costs you - a monthly payment. Again that cost is also offset by the powerful advantages the investor passes on to you so it turns out really great for the buyer. We view you as a low risk because we know that you are both financially and emotionally invested into the home of your dreams.
How do you find the home of your dreams? You can choose any home in America - new or resale home.
All new homes are located at www.homebuilder.com
All resale homes are located at www.realtor.com
Resale homes in the Houston Texas area are best viewed at www.har.com
We look forward to assisting you!
By thinking "outside the bank" we may be able to help you pull cash from your home with no credit check. Millions of people across America have big equity in their home but they cannot access it because their credit has since plummeted. They need help and the Guaranteed Approval Program may be the answer.
